New On The BlockFrancisco Partners is reportedly testing the waters for a multibillion-dollar sale of BeyondTrust Software. This Georgia-based cybersecurity firm has about $500 million in annual recurring revenue and could command a price anywhere from five to 20 times sales. The sale process is still in its early days. Bloomberg expects strong interest from industry players and rival private equity firms.KKR is expected to launch an auction for U.K. recycling group Viridor in September. Bids could be as high as £7 billion (US$9.5 billion), according to the Financial Times.Altus Group (TSX:AIF), a Canadian real estate software company, is exploring a sale, according to Reuters.Intel Corp. (NASDAQ:INTC) stock rallied following a sit-down between Trump and Intel CEO Lip-Bu Tan and a flurry of reports that the Trump administration was actively exploring taking a direct government stake in the struggling semiconductor giant.
The twist? This comes days after President Trump told Tan to quit over China ties—before changing his tune.Updates From The BlockAI startup Perplexity has made a $34.5 billion offer to buy Google’s Chrome browser. The Wall Street Journal, which first broke the story, noted that the unlikely bid comes as a U.S. judge considers remedies after ruling that Google has illegally monopolized the search market, with a forced Chrome sale seen as possible but improbable. Perplexity, founded in 2022 and recently launching its own browser, Comet, may be signaling that it’s a ready buyer if such a sale were to occur. Alphabet Inc (NASDAQ:GOOGL) (NASDAQ:GOOG), which holds over 60% of the browser market, shows no intent to sell and continues to post substantial search revenues while advancing AI projects like a NASA partnership.Full story available on Benzinga.com
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